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Aviation Beacons Technology Market Research Report Information by Type (Low Light Intensity Beacons, Medium Light Intensity Beacons and High Light Intensity Beacons), Application (Airport, Aerodrome, Runway and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2032

ID: MRFR/A&D/6552-HCR | 94 Pages | Author: Sejal Akre| June 2024

Global Aviation Beacons Technology Market Overview

Aviation Beacons Technology Market Size was valued at USD 3.2 billion in 2022. The Aviation Beacons Technology Market is projected to grow to USD 6.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.3% during the forecast period (2022 - 2032).

Aviation beacons are indicators to enable pilots to maneuver an aircraft; they also indicate the direction of the runway during the landing of an aircraft. Moreover, these beacons signal pilots and ground operators to proceed or stop at a particular location. aviation beacons technology is a crucial component in the operations of an airport for its efficient functioning.

Growing demand for air travel, leading to an increased number of airports, is the key factor projected to drive the growth of the aviation beacons technology market. Furthermore, factors such as airport modernization programs and growing importance for aviation safety further boost the market growth.

The number of passengers and subsequent air traffic has grown significantly in the recent years; due to this, there has been an increasing requirement of new aircraft to cater to the growing demand. This has stimulated the development of aviation infrastructure across regions thereby, encouraging the global market growth for aviation beacons.

Segmentation of the Aviation Beacons Technology Market  

On the basis of type, the market has been segmented into low light intensity beacons, medium light intensity beacons, and high light intensity beacons. The medium light intensity beacons segment is expected to register the highest CAGR during the forecast period. These beacons are cost effective and are available in various colors, such as amber, yellow, and green. 

Based on application, the market has been segmented into airport, aerodrome, runway, and others. The airport segment is expected to be the largest owing to increasing investments in the development of new airports, which is estimated to drive the growth of the global aviation beacons technology market.

Aerodromes are locations where aircraft operations take place. Thus, the aerodrome segment is expected to be the fastest-growing segment due to the increasing number of aircraft purchased by airlines.

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The market in Asia-Pacific is expected to register the highest CAGR owing to the substantial increase in the number of  passengers availing air travel in countries such as India and China. In addition, the development of new airports in the Asia-Pacific is expected to propel the growth of the  aviation beacons technology industry in the region.

Key Players

The key players in the aviation beacons technology market are Emerson Electric (US), Avlite Systems (Australia), Flight Light Inc. (US), Point Lighting Corporation (US), Orga BV (Netherlands), Flash Technology LLC (US), TWR Lighting, Inc. (US), Clampco Products Inc. (US), Obelux Oy (Finland), and Unimar Inc. (US).

Recent Development

  • Solar-powered beacons: Companies are increasingly developing solar-powered beacons to reduce reliance on grid power and improve sustainability. For example, LumenRadio recently launched the world's first FAA-approved solar-powered LED airfield beacon, the Guardian Solar.

  • Smart beacons: Beacons are becoming more sophisticated, with features such as remote monitoring, real-time status updates, and integration with air traffic management systems. This allows for improved operational efficiency and safety.

  • Avlite Systems LLC: Avlite Systems is a designer and manufacturer of a variety of aviation lighting products, including beacons. The company's products are used by airports, heliports, and other aviation facilities around the world.

Research Methodology

The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository, and statistical modeling tools.

Secondary Research

In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.

Primary Research

In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.

Key Insights

  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, and the rest of the world along with key countries in each region

  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities

Intended Audience

  • Aviation companies

  • Government authorities

  • Defense companies

  • Research institutes

  • Regulatory bodies

Frequently Asked Questions (FAQ) :

Flash Technology LLC (U.S.), TWR Lighting, Inc. (U.S.), Orga BV (Netherlands), Clampco Products Inc. (US) are the competitors in the global market.

A 9.3% CAGR is estimated for the market in the forecast period.

The regional market in the Asia Pacific is estimated to guide the global market in the forecast period.

A reasonable income level is forecasted for the market in the upcoming period.

The mounting demand for air travel is estimated to shape the market in the forecast period.

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